EUR/USD on the Move - Eyes on the 1.17 Target!
💶📈 EUR/USD on the Move - Eyes on the 1.17 Target! 🚀💥
Hey traders, it's time to look at one of the most traded pairs in the forex world: EUR/USD. This pair has been a fascinating ride, and now we are entering a pivotal moment once again.
Since I shifted focus towards crypto and volatility, my forex trading has become more selective. Trading fewer times but with more patience has brought great results, and this approach has worked exceptionally well in recent months.
🔍 Key Insights:
We had a perfect short at 1.232, riding it all the way down to parity. Not many believed we’d see EUR/USD drop to 1.00 or lower, but we anticipated it, and it played out as expected.
The next major move was the reversal at parity, and we've been long since. With EUR/USD now reclaiming the 1.11 level, the charts are pointing towards a possible further move upwards.
While there is a 35% chance of EUR/USD retesting 1.10, the majority of the indicators suggest continued support, and I’m looking at a target of 1.17.
I had great success focusing on USD/JPY shorts, but now it’s time to re-enter EUR/USD, which has been a phenomenal trade from 0.97 to 1.12. I’m considering increasing my positions, with eyes on that 1.17 target.
Don’t forget to check my recent DXY (Dollar Index) post, as these markets are closely connected and tell a similar story.
Also, keep an eye on Bitcoin—I believe it’s going to make headline news soon!
One Love, The FXPROFESSOR 💙
Hey traders, it's time to look at one of the most traded pairs in the forex world: EUR/USD. This pair has been a fascinating ride, and now we are entering a pivotal moment once again.
Since I shifted focus towards crypto and volatility, my forex trading has become more selective. Trading fewer times but with more patience has brought great results, and this approach has worked exceptionally well in recent months.
🔍 Key Insights:
We had a perfect short at 1.232, riding it all the way down to parity. Not many believed we’d see EUR/USD drop to 1.00 or lower, but we anticipated it, and it played out as expected.
The next major move was the reversal at parity, and we've been long since. With EUR/USD now reclaiming the 1.11 level, the charts are pointing towards a possible further move upwards.
While there is a 35% chance of EUR/USD retesting 1.10, the majority of the indicators suggest continued support, and I’m looking at a target of 1.17.
I had great success focusing on USD/JPY shorts, but now it’s time to re-enter EUR/USD, which has been a phenomenal trade from 0.97 to 1.12. I’m considering increasing my positions, with eyes on that 1.17 target.
Don’t forget to check my recent DXY (Dollar Index) post, as these markets are closely connected and tell a similar story.
Also, keep an eye on Bitcoin—I believe it’s going to make headline news soon!
One Love, The FXPROFESSOR 💙
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